{"id":1176342,"date":"2020-04-06T12:00:02","date_gmt":"2020-04-06T17:00:02","guid":{"rendered":"http:\/\/www.kereport.com\/?p=70380"},"modified":"2020-04-06T12:00:02","modified_gmt":"2020-04-06T17:00:02","slug":"general-market-commentary-mon-6-apr-2020","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1176342","title":{"rendered":"General Market Commentary – Mon 6 Apr, 2020"},"content":{"rendered":"

S&P Repeating 2000 & 2007 Patterns Almost Exactly?<\/p>\n

This S&P chart breakdown is from our good friend Chris Kimble. This crash has come faster than the prior two so maybe the length of the pullback will not be a full 8 weeks. However that’s a big maybe… <\/p>\n

Click here to visit Chris’s site for more charts and market thoughts. <\/em><\/a><\/p>\n

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\"\"<\/a><\/figure>\n<\/div>\n

Does History Repeat? Is does rhyme sometimes!!!<\/p>\n

This chart looks at the S&P 500<\/strong><\/a> on a weekly basis over the past 20-years.<\/p>\n

The S&P declined by 50% during the 2000-2003 bear market. On the week of 3\/23\/2001,<\/strong> it experienced its first counter-trend rally, which lasted 8-weeks,<\/strong> before the bear market resumed.<\/p>\n

The S&P declined by 50% during the 2007-2009 bear market. On the week of 3\/21\/2001,<\/strong> it experienced its first counter-trend rally, which lasted 8-weeks,<\/strong> before the bear market resumed.<\/p>\n

Last month the S&P hit a low during the week of 3\/27\/20. Is a counter-trend rally starting right on schedule? If so, will it last 8-weeks again?<\/p>\n

Both counter-trend rallies hit the same Fibonacci retracement level, before rolling over and resuming bear markets.<\/p>\n

The odds are low the pattern repeats exactly! The impact would be big if it does!<\/p>\n

We shared this pattern with members on 3\/20\/20, reflecting that a counter-trend rally was due to start the following week. I humbly feel it is to all of our benefits to be aware of this pattern and what to watch for in a very detailed degree, to see if the bigger pattern is repeating the bear markets of the past!<\/p>\n","protected":false},"excerpt":{"rendered":"

S&P Repeating 2000 & 2007 Patterns Almost Exactly?
This S&P chart breakdown is from our good friend Chris Kimble. This crash has come faster than the prior two…<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[910,362,532],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176342"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1176342"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176342\/revisions"}],"predecessor-version":[{"id":1176343,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1176342\/revisions\/1176343"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1176342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1176342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1176342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}